Park Hotels & Resorts Inc., Americold Realty Trust, STORE Capital Corporation had the highest volumes today.
A quick recap of where the last trading session ended: Markets did not have a clear cut direction — Dow Jones was down 0.14% before closing the session at 34,052. Nasdaq closed 12,200 after a stable day.
Why trading volume matters?
Trading volume is simply the total number of shares traded including both buy and sell orders. If a stock has appreciated on high volume, it is more likely to be a sustained move compared to an appreciation with low volume. Typically, high volume trading sessions are considered significant occurrences and closely watched by traders.
While trading was mostly sideways today, several real_estate stocks were actively traded. Here's an update:
Park Hotels & Resorts | 214% higher than rolling average
Park Hotels & Resorts Inc. hit a significant low of $11 around a month ago, but has since recovered 9.35%. The stock has been trending positively for about a month. Currently, America's 2nd largest publicly traded lodging REIT has a market capitalization of $2.73 billion with an average daily trading volume of 2.74 million shares.
Park Hotels & Resorts had a compelling day today, with 5.86 million shares traded helping the company surpass its average daily volume by 214%.
Americold Realty Trust | 169% higher than rolling average
After hitting an important low of $22.11 approximately 6 months ago, the real estate investment trust company has bounced back 33.83% since. The stock has been trending positively for about a month. Americold Realty Trust's market cap currently stands at $7.82 billion with an average daily volume of 1.29 million shares.
Trading volume was 2.19 million shares today — beating the daily average by a mammoth 169%.
STORE Capital Corporation | 157% above rolling average
With an average daily trading volume of 2.61 million shares.
Today's trading volume was 4 million shares (surpassing the daily average by 157%).
— Average trading volume refers to a 21-day rolling average.